Skip to main content
PLEASE NOTE: For everyone’s safety, Fasken requires anyone on-site at our Canadian and Johannesburg offices to provide proof of full vaccination against COVID-19. This applies to lawyers, staff, clients, service providers and other visitors.
Client Work

D-BOX Technologies completes US$5 million financing with Caisse de dépôt et placement du Québec

Fasken
Reading Time 2 minute read Subscribe

Overview

Client

D-BOX Technologies Inc.

On August 5, 2015, D-BOX Technologies Inc. obtained a secured loan in an amount of $5 million from Caisse de dépôt et placement du Québec, one of D-BOX’s largest shareholders. The loan bears interest at an annual rate of 7% or 10% in accordance with predefined conditions, matures on February 5, 2020 and is secured by all of the assets (except for intellectual property) of D-BOX and its subsidiary. In connection with the loan, D-BOX issued 4,500,000 common share purchase warrants to Caisse de dépôt et placement du Québec, with each warrant entitling its holder to acquire one Class A common share of D-BOX at a price of $0.50 for a period of 48 months. D-BOX Technologies Inc. designs, manufactures and commercializes cutting-edge motion systems intended for the entertainment and industrial markets. This unique and patented technology uses motion effects specifically programmed for visual content, which are sent to a motion system integrated into either a platform, a seat or any other product. The resulting motion is perfectly synchronized with the on-screen action, thus creating an unparalleled realistic immersive experience. D-BOX is listed on the Toronto Stock Exchange. D-BOX was represented by in-house counsel Daniel Le Blanc, assisted by Fasken Martineau, with a team comprised of Margarita Altankova, Alexandre Gagnon and Svetlana Samochkine (banking) and Sébastien Bellefleur, Guillaume Saliah and Neil Wiener (securities).

Team

    Subscribe

    Receive email updates from our team

    Subscribe